Lucid: Not Worth Your Investment But Acquisition May Drive The Stock

Summary:

  • There is speculation that Lucid Group would be acquired by Saudi Arabia’s Public Investment Fund.
  • This made the stock price tick upwards although LCID stock is still trading low compared to its 52-week highs.
  • Lucid Group is quite a risky investment, given its fundamentals.
  • It is still not a value stock.
  • Yet, stockholders may make plenty of money if this acquisition actually comes true.

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David Becker

Lucid (NASDAQ:LCID) stock has been recently pressurized. But investors were somewhat comforted when the rumors appeared Saudi Arabia’s Public Investment Fund may be about to buy the rest of Lucid Group’s business it does not already own. Lucid’s stock

Lucid Group - earnings and revenue history

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Lucid Group - shares

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Lucid Group - Cash and equivalents

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Lucid Group Investment Score

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Lucid Group - Liquidity

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Lucid Group Financial Strength

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Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.


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